Movement Alert｜Manycore Tech Rises 5.41% in Regular Trading, Rebounds After Pullback as Multiple Catalysts Continue to Support Sentiment

Market Focus05-29

On May 29, Manycore Tech rose 5.41% in regular trading, trading at HK$20.56/share, with trading volume of HK$18.68 million, rebounding strongly after a 5%-plus pullback in the previous session.

On the news front, Guotai Haitong Securities recently initiated coverage with an Overweight rating and a target price of HK$24.90, citing the company's established spatial intelligence flywheel spanning spatial editing tools, spatial data, and spatial large models, with services expanding from human users to robotics and multiple industries. Additionally, the company's spatial intelligence large model has completed national generative AI service filing, making it among the first in China to achieve compliance certification. The company also open-sourced its 3D Gaussian browser Aholo Viewer and announced a strategic partnership with Insta360 to launch a next-generation spatial reconstruction solution. These multiple positive catalysts continued to support market confidence, driving capital inflows following the short-term correction.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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